Reflex Advanced Materials Corp. announced a non-brokered private placement of up to 4,000,000 units at a price of CAD 0.25 per unit for the gross proceeds of to CAD 1,000,000 on August 21, 2023. Each Unit shall consist of one common share and one-half of one common share purchase warrant.

Each warrant shall entitle the holder thereof to purchase an additional share at an exercise price of CAD 0.35 for a period of 24 months from the date of issuance. Finders? fees may be payable to eligible arm?s length persons with respect to certain subscriptions accepted by the company.

The transaction is expected to close on or about September 11, 2023. The transaction is subject to the approval of all necessary regulatory authorities and other approvals.